Productivity & Innovation Credit and Capability Development Grant  – Are you eligible?

Capability Development Grant  

To compliment the PIC Grant, for customers looking to implement our technology, there is a new Capability Development Grant (CDG) from Spring that you will be eligible for.
The Capability Development Grant (CDG) is a financial assistance programme that helps companies develop capabilities across 10 development areas, ranging from raising service standards, adopting technology to staff training and overseas expansion. The grant supports a wide-ranging of capability upgrading initiatives to help you grow your businesses locally and globally.
SPRING provides funding support of up to 70% of project costs. 
You can take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access and includes brand development and technology innovation. The grant is effective for three years, until 31 March 2018 at this stage. 
To be eligible: 
  • Registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales turnover ≤ S$100m or group employment of ≤200 employees
For more information about the Capability Development Grant (CDG) from Spring please visit: 

For more information, please contact:

Dawn Koh, Senior Officer from Spring Singapore


Productivity & Innovation Credit

We recently asked the  Inland Revenue Authority of Singapore (IRAS) if our clients were eligible for PICredit for JXT’s SAAS platform this was their email back, we hope it helps!

“For YA 2011 to YA 2015, all businesses can enjoy deduction/allowances at 400% on up to $400,000 of their expenditure per year on each of the six qualifying activities. The six activities that will qualify for PIC benefits are:

  1. Acquisition or leasing of PIC Information Technology (IT) and Automation Equipment;
  2. Training of employees;
  3. Acquisition and in-licensing of Intellectual Property Rights;
  4. Registration of patents, trademarks, designs and plant varieties;
  5. Research and development activities; and
  6. Investment in approved design projects.

All businesses (i.e. sole-proprietorships, partnerships, companies) carrying on a trade or business to produce income in Singapore are eligible for PIC, if they have incurred expenditure in any of the six qualifying activities. Investment holding companies and dormant companies are some examples of companies that do not qualify for PIC.  You can refer to our FAQ (#1 to 7) for more information:

Payments by businesses for cloud computing services (such as Software-as-a-service, Platform-as-a-service, Infrastructure-as-a-service) will count as investment in PIC Information Technology (IT) and Automation Equipment and businesses can claim for such payments under the PIC scheme. Expenditure, including those paid on a monthly basis, incurred on procuring cloud computing services will qualify for PIC.

For more information, you may wish to refer to our Frequently Asked Questions (FAQ 16 to 18 on Cloud Computing) at

Details of the PIC scheme are available for companies on our website at and vendors should direct their clients to the IRAS website for more information.

To facilitate businesses’ understanding of the PIC scheme, IRAS is conducting a series of seminars. Please inform your clients to visit the IRAS website at for more information.

For clarifications on the specific tax matters of your client, please inform your client to contact us directly.”

Inland Revenue Authority of Singapore (IRAS)
Corporate Tax Helpline: 1800 356 8622 | (65) 6351 4360 (fax) |  |


For more information, please contact:

Dawn Koh, Senior Officer from Spring Singapore


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